What Is Employment Agreement In India

The employment contract must be printed on stamp paper, and then the employer and employee must sign the document and keep a copy for their own records. 6. INDEMNITY All employees traveling on duty are entitled to reimbursement of expenses incurred under the obligation (subject to the shipment of vouchers/invoices to the administrative office) and approved by the Company and approved by the Company and of the following type: 1. Daily allowance in the amount of ______. 2. Other expenses related to the official obligation. 2. 3. 4.

5. 6. 7. INCOME TAX: Local income taxes are paid by the employer to the competent authorities by deducting the employee`s gross salary. 1. 2. 3. 4.

5. 6. 7. 8. INSURANCE BENEFITS: 1. The employer provides the employee and dependent family members with a medical insurance claim. (Health insurance is attached to this employment contract as Annex A.) The Consulate will pay an amount equal to the employee bonus and __% of the difference for family members, and the employee will prorate the balance as determined at the company`s sole discretion. 2.

The employer shall provide personal accident insurance to the employee (personal accident insurance is attached to this employment contract as Annex B) Both the employer and the employee shall contribute to the said premium payment system in the proportion determined at the sole discretion of the undertaking. 9. LEAVE: 1. ANNUAL LEAVE: Local staff shall be entitled to paid annual leave of ___ days in a calendar year, including occasional leave. The employee is required to take a minimum number of vacation days in a work year and is limited in the accumulation of vacation days to the following work year, all in accordance with the instructions presented from time to time. Leave, on the desired dates, requires the approval of the employer 2. MATERNITY LEAVE: An employee is entitled to three months` paid maternity leave in accordance with local laws. 3. OTHER HOLIDAYS: Total number of ______ Indian holidays to report up to the first week of the year. Israeli holidays may be cancelled/postponed without notice.

Employees may be called upon to work on those days. No additional compensation will be granted for these days. 10. RETIREMENT AGE: An employee will retire at age 60 in accordance with local laws. An employee can be polluted beyond the age of 60 at the company`s discretion. 1. 2. 3. 4.

5. 6. 7. 8. 9. 10. 11. TERMINATION OF EMPLOYMENT: 1. Note: One calendar month of termination by the employer or employee or one month`s salary in lieu of the employer or employee to be paid/deducted from the employee`s final benefits. 2.

Terminal Benefits: One month`s salary for each year of full service of the employee with at least one year of service. Final benefits are paid if the dismissal is motivated by any reason, including for reasons of illness, dismissal or old-age pension. In the event of voluntary resignation, the final benefits are granted provided that the employee has completed a waiting period of 5 years of service and provided that the total amount of the tip does not exceed the amount of 15 months` salary, the employee receives one month`s salary for each year of service. .